Nonprofit · EIN 93-1820843
DREAMS & OPPORTUNITIES CORP
Tax-exempt · CARMEL, NY 10512
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $2,750 | -$2,750 | $261 | $261 | $0 |
| December 31, 2023 | 990 | $0 | $0 | $0 | $1,000 | $4,000 | -$3,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,750
Balance sheet and other
- Total assets, start of year
- $4,000
- Total assets, end of year
- $261
- Total liabilities, end of year
- $261
- Net assets, end of year
- $0
- Gross receipts
- $0
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUIS T ARIAS | DIRECTOR AND TREASURER Trustee or director | 0 | $0 |
| LESLY GARCIA BANCHS | DIRECTOR AND SECRETARY Institutional trustee | 0 | $0 |
| CHARLES BREED | DIRECTOR Institutional trustee | 0 | $0 |
| ARLINE J ARIAS | DIRECTOR AND PRESIDENT Officer | 0 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARLINE J ARIAS | DIRECTOR AND PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 10 LONGFELLOW DR, CARMEL, NY 10512-5260
- In care of
- % ARLINE J ARIAS
- Principal officer (990 for 2024)
- ARLINE J ARIAS, 10 LONGFELLOW DR, Carmel, NY 10512
- Signed the 990
- ARLINE J ARIAS, DIRECTOR
- Phone
- (845) 763-0315
- Return prepared by
- ARLINE ARIAS & ASSOCIATES INC
Mission
Our mission is to empower the community through comprehensive support services that focuson education, food security, and health initiatives. Through collaboration and compassion, we strive to enhance the well-being of individuals and families, fostering a thriving.
Program accomplishments
- Dreams & Opportunities was officially established on June 2023. Due to the organizations recent formation, there have not yet been any program service accomplishments within the initial reporting period ending on December 31, 2023. We are currently in the planning and development stages, working diligently to establish our foundational infrastructure, secure funding, and develop strategic plans for our future programsExpenses $2,750
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-1820843
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $2,750 | $261 | XML |
| 990 | December 2023 | $0 | $0 | $1,000 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-1820843).
Questions about DREAMS & OPPORTUNITIES CORP
- What is the EIN of DREAMS & OPPORTUNITIES CORP?
- The employer identification number (EIN) of DREAMS & OPPORTUNITIES CORP is 93-1820843.
- Is DREAMS & OPPORTUNITIES CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to DREAMS & OPPORTUNITIES CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAMS & OPPORTUNITIES CORP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DREAMS & OPPORTUNITIES CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAMS & OPPORTUNITIES CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DREAMS & OPPORTUNITIES CORP?
- The 990 for the year ended December 31, 2024 names ARLINE J ARIAS.
- Who are the officers and directors of DREAMS & OPPORTUNITIES CORP?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does DREAMS & OPPORTUNITIES CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $2,750 and total assets of $261 at year end.
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